BOOKS
11/23/2010 01:34 pm ET Updated May 25, 2011

French Senate Reduces Tax On eBooks

The French Senate has adopted an amendment to the 2011 draft budget to reduce VAT on e-books from 19.6% to the reduced rate of 5.5% that applies to print.

The rate would cover only unenriched digital versions of print books to avoid competition being distorted in a market that "is strongly affected by fiscal dumping in certain members of the European Union," the upper house of parliament said in a statement.

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